QS 19-18 (Algo) Computing and recording over- or underapplied overhead LO P4 A company applies overhead at a rate of 180% of direct labor cost. Actual overhead cost for the current period is $1118,100, and direct labor cost is $612,000 1. Compute the under or overapplied overhead, 2. Prepare the journal entry to close over or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the under or overopplied overhead Total actual overhead cost Total applied overhead cost Roquired Required 2 > Required 1 Required 2 Prepare the journal entry to close over- or underapplied overhead to Cost of Goods Sold. View transaction list Journal entry worksheet